Deppon Logistics will issue up to 150 million shares raising USD453 million (CNY2.988 billion), the company's prospectus from March this year said.

The firm has transformed itself into an integrated logistics services provider in areas such as express services and warehousing in recent years, a strategy similar to courier firms that have already gone public.

The Shanghai-based logistics firm first announced plans to carry out an initial public offering (IPO) in July 2015. The CSRC's suspension of IPOs along with other reasons resulted in a delay of over two years in completing the approvals process.